How to buy XEP on an exchange

You can buy the native coins of Electra Protocol (XEP) on a number of exchanges. The amount of exchanges is still limited, as Electra Protocol was officially launched just in January 2021. Since Electra Protocol is running on its own blockchain, exchanges have to manually connect to this new network, which takes time.

As of today, you cannot buy XEP yet on any top 10 exchange like Coinbase, Kraken, or Binance. More exchange listings are planned to happen. Finding the right exchange for your country of residence can be challenging for new investors, since not all exchages are open to residents of every country. Depending on the crypto exchange, you might also have to identify yourself in a KYC process (where you have to identify yourself by submitting your ID and a proof of address).

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Liquidity of XEP

Electra Protocol is an innovative and new crypto project. So if you want to buy XEP tokens, you have to find someone who is willing to sell.

As a result, the liquidity of Electra Protocol is very limited, compared to any global top 20 cryptocurrency, such as Bitcoin or Ether. A lack of liquidity means that each buy/sell can make a significant move in the XEP price. Buying a large amount of XEP coins on an exchange for market price can easily move the price up, if you buy coins for a significant US dollar amount (for example 10K USD). That’s why it is suggested to buy XEP coins in batches and not all at once.

You will typically find the largest liquidity of XEP tokens (sell and buy offerings) on these exchanges:

You can alternatively also select one of the other exchanges, but these typically have an even lower liquidity than the ones listed above.

Transaction Time for Withdrawals

When you withdraw XEP coins from an exchange, it might take several minutes until you reach them. The reason for this is that most exchanges do not transfer coins immediately when you execute the withdrawal. XEP itself is a near realtime blockchain ecosystem, once a transaction is executed on-chain.